Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $745,000 Holdings in General Mills, Inc. $GIS

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA cut its holdings in General Mills, Inc. (NYSE:GIS) by 1.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,376 shares of the company’s stock after selling 250 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in General Mills were worth $745,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of GIS. Charles Schwab Investment Management Inc. boosted its stake in General Mills by 434.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 19,041,194 shares of the company’s stock valued at $1,138,473,000 after buying an additional 15,480,835 shares in the last quarter. Diamond Hill Capital Management Inc. acquired a new stake in General Mills in the first quarter valued at about $279,570,000. Pacer Advisors Inc. boosted its stake in shares of General Mills by 4,775.2% during the first quarter. Pacer Advisors Inc. now owns 3,443,981 shares of the company’s stock valued at $205,916,000 after purchasing an additional 3,373,338 shares in the last quarter. Nuveen LLC acquired a new stake in shares of General Mills during the first quarter valued at about $92,717,000. Finally, Federated Hermes Inc. boosted its stake in shares of General Mills by 178.1% during the first quarter. Federated Hermes Inc. now owns 1,520,449 shares of the company’s stock valued at $90,908,000 after purchasing an additional 973,798 shares in the last quarter. 75.71% of the stock is owned by institutional investors and hedge funds.

General Mills Price Performance

General Mills stock opened at $47.95 on Friday. The stock’s 50 day moving average is $49.58 and its 200 day moving average is $52.06. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.66 and a quick ratio of 0.40. The firm has a market cap of $25.58 billion, a P/E ratio of 9.06, a P/E/G ratio of 1.24 and a beta of -0.03. General Mills, Inc. has a one year low of $47.48 and a one year high of $69.03.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, September 17th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. The company had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.52 billion. General Mills had a return on equity of 23.46% and a net margin of 15.24%.The firm’s quarterly revenue was down 6.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.07 earnings per share. As a group, research analysts expect that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend is Friday, October 10th. General Mills’s payout ratio is currently 46.12%.

Analyst Upgrades and Downgrades

GIS has been the topic of a number of recent research reports. UBS Group cut their price target on General Mills from $49.00 to $47.00 and set a “sell” rating on the stock in a research note on Thursday, September 18th. Mizuho cut their price target on General Mills from $57.00 to $52.00 and set a “neutral” rating on the stock in a research note on Friday, September 19th. Morgan Stanley cut their price target on General Mills from $49.00 to $48.00 and set an “underweight” rating on the stock in a research note on Monday, September 15th. Bernstein Bank cut their price target on General Mills from $55.00 to $54.00 and set a “market perform” rating on the stock in a research note on Thursday, September 18th. Finally, Royal Bank Of Canada raised General Mills from a “sector perform” rating to an “outperform” rating and cut their price target for the company from $67.00 to $63.00 in a research note on Thursday, June 26th. Four investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, General Mills has a consensus rating of “Hold” and a consensus target price of $55.82.

Insider Activity at General Mills

In related news, insider Jacqueline Williams-Roll sold 4,000 shares of General Mills stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $50.04, for a total value of $200,160.00. Following the transaction, the insider directly owned 66,593 shares of the company’s stock, valued at $3,332,313.72. The trade was a 5.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is currently owned by corporate insiders.

General Mills Profile

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.